Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what assessment they have made of the recommendations in the report by the World Future Council Unlocking the Trillions to Finance the 1.5°c Limit, published on 7 November 2017, concerning the role of central banks buying fossil fuel stranded assets on the condition that the money is invested in the renewable energy sector.

The Government’s Green Finance Strategy sets out the Government’s approach to accelerating green finance. As set out in the Strategy, the Government welcomes the work of the Central Banks’ and Supervisors’ Network for Greening the Financial System, of which the Bank of England is a founding member.